Wendy’s is set to close hundreds of restaurants as customers struggling financially cut back on dining out.
Interim CEO Ken Cook announced on an earnings call Friday that the fast food chain will close a “mid single-digit percentage” of locations. With about 6,000 restaurants, Wendy’s could shutter between 200 to 350 locations.
Cook said some restaurants are expected to close as early as later this year, and locations will continue to shutter in 2026.
What’s his pay? Can he take a pay cut and save the stores?
They’re surely hammering out the details as we speak. No leader will just throw their people under the bus.